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Hi Chris, its part and parcel of their employment conditions, so I guess its somehow part of their Award. I just know it because some of my clients are nurses.

Nurses and other medical staff can salary sacrifice mortgage payments.

As a rule of thumb, you could use the following info to determine the effect of salary sacrificng a car via novated leasing: 1. Assuming you are in the top tax bracket and travel at least 25,000 km per annum: a. Car cost $50,000 b. Net salary effect approx. -$400 c. Reduced borrowing...

Hi, instead of paying out the car lease with LOC (and thereby impacting on your ability to purchase further property) you could have been looking for a bank with a better serviceability model through an independent mortgage broker.